Daily Economic Calender Mar 03 2014

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Good Morning traders , here’s news which could move the currency markets on Monday the 3rd of March:

  • Chinese HSBC Manufacturing PMI at 01:45 GMT . The Chinese HSBC Manufacturing PMI is concluded from a monthly survey of about 430 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories.Last read was 48.3 while forecast is 48.5. Market Impact : A higher than expected reading should be taken as positive/bullish for the CNY & AUD , while a lower than expected reading should be taken as negative/bearish for the CNY & AUD .
  • German Manufacturing PMI at 08:53 GMT .The German Manufacturing Purchasing Managers’ Index (PMI) measures the activity level of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion in the sector; below indicates contraction.. Forecast is 54.7 as the last read .Market Impact :A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
  • British Manufacturing PMI at 09:28 GMT .The Manufacturing Purchasing Managers’ Index (PMI) measures the activity level of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion in the sector; below 50 indicates contraction. last read was 56.7 ,forecast is 56.5 . Market Impact :A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.
  • ECB President Draghi Speaks at 14:00 GMT .He will testify before the Committee on Economic and Monetary Affairs of the European Parliament, in Brussels.As head of the ECB, which controls short term interest rates, he has more influence over the EUR value than any other person. His comments may determine a short-term positive or negative trend. Market Impact : volatility is expected .
  • US ISM Manufacturing PMI at 15:00 GMT .The Institute of Supply Management (ISM) Manufacturing Purchasing Managers Index (PMI) Report on Business is based on data compiled from monthly replies to questions asked of purchasing and supply executives in over 400 industrial companies.Last read was 51.3 ,forecast is 52.0 . Market Impact :A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.

So this was the Economic Calendar for Monday. We’ll be back with our next overview of key events for Tuesday. Goodbye..

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UPCOMING ECONOMIC EVENTS